Financial Services

Most Entrepreneurs need some sort of financial support to grow their business to success. Because of that, The Rainy Lake Tribal Area Business & Financial Services Corporation is providing loans as well as providing information on other sources of funding. We also provide business support, before the loan application, and after loan disbursal. Below are some of the Loan Services, and Business support services we provide.

Loan Services

Micro Loan
Available to members from the Rainy Lake Tribal Area only. Individual Entrepreneurs may be eligible for a minimum of $2,000 to a maximum of $20,000 of funding assistance. Documented proof of Aboriginal ancestry. Have the education/experience that would contribute to your collective business and management experience. Have evidence of sufficient personal financial resources to undertake the project you are proposing (a bank statement)nnInclude a resume that highlights experience, training and/or education related to your business activitynnShould be involved full-time with the proposed business in a management capacity. Must participate and complete a 20 day pre-loan training and mentoring program. Read More

Futures Loan
Available to member of the Treaty #3 area. Individual Aboriginal entrepreneurs may receive up to $99,999 in funding assistance. For community-owned businesses, this assistance can be up to $1 million.In order to be eligible, you must be of Canadian Aboriginal heritage — Status or Non-status Indian (on or off-reserve), Métis or Inuit — or a majority owned Aboriginal business, financial organization, or development corporation. Have a balanced financial package (involving debt financing from other sources, as well as your own equity). Have a viable business opportunity and experience in your sector. Read More

Enhanced Access
Eligible to qualified Aboriginal Applicants from within Treaty #3 area. Aboriginal entreprenuers may receive up to a maximum of $100,000 and a minimum of $10,000. You must have documented proof of Aboriginal ancestry, a viable business opportunity in your sector & management skills. Equity will be 10% of capital costs of project in the form of cash and an application fee is required which is 1% of total capital costs.

Regional Partnership Grants
Eligible to Aboriginal business owners within the Treaty #3 area. Grants with a maximum of $100.000 are available in the form of start-up and early stage loans, and expansion capital. Business support resources available with a client centered approach complete with training modules on developing your own business plan.

Nishnawbe Aski Development Fund (NADF)
Available to members of Treaty #3 area. Individual entrepreneurs may receive contributions up to a maximum of $99,999. Community-owned businesses may receive contributions up to a maximum $249,999.
Documented proof of Aboriginal Ancestry. Aboriginal ownership must be at least 51%. Have the education/experience that would contribute to your collective business and management experience. Have evidence of sufficient personal financial resources to undertake the project you are proposing (a bank statement) Include a resume that highlights experience, training and/or education related to your business activity. Should be involved full-time with the proposed business in a management capacity. Must complete a 20 day pre-loan training and mentoring program. Read More